v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Lease, Cost
The weighted average remaining lease term and weighted average discount rate for the operating leases as of March 31, 2026 and December 31, 2025 were as follows:
March 31, 2026
December 31, 2025
Weighted average remaining lease term
28 months
22 months
Weighted average discount rate
6.4 
%
4.6 
%
The Company recorded the following lease and variable lease expenses for three months ended March 31, 2026 and 2025, respectively:
(in thousands)
Three Months Ended March 31, 2026
Three Months Ended March 31, 2025
Operating lease expense
$
369 
$
364 
Variable lease expense
21 
11 
Total lease expense
$
390 
$
375 
Schedule of Future Lease Payments
The future minimum annual lease payments under these operating leases as of March 31, 2026 are as follows:
(in thousands)
Fiscal Year
Amount
2026 (remainder of the year)
$
875
2027
487
2028
458
2029
98
Thereafter
Total lease payments
1,918
Less imputed interest
(133)
Total lease liability
1,785
Less current portion of lease liability
(920)
Long-term portion of operating lease liability
$
865